Free Trial

Relatively strong auction

SPAIN AUCTION RESULTS
  • The Spanish auction saw a relatively strong result with the LAP above the pre-auction mid-prices for all bonds on offer. In fact, the LAP was higher than at any time during the last 55 minutes ahead of the auction close for all of the bonds sold.
  • In terms of bid-to-covers these were generally in line with prior auctions.
  • All in all, a relatively strong auction with close to the mid-point of the target amount sold. Overall, we would say a bit stronger than the second January auction but weaker than the first auction of the year.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.